Indiana closed out its 2026 fiscal year on a positive note, but the chair of the Senate Committee on Appropriations is urging state leaders not to get too comfortable.
State Sen. Ryan Mishler (R-Mishawaka) issued a statement Tuesday following the 2026 fiscal closeout, acknowledging the state's strong financial position while sounding a note of caution ahead of the upcoming 2027 budget session.
"Today's closeout is a positive sign that Indiana is in a strong fiscal position," Mishler said. "I'm pleased to see we continue to build on our state reserves, especially as we begin considering future expenditure pressures that may need to be addressed in the 2027 budget."
Despite the encouraging numbers, Mishler pointed to several significant financial challenges on the horizon. Among his concerns: an over $500 million shortfall in road funding, the Department of Child Services operating over budget, and the unfunded liability of the Pre-1996 Teachers' Retirement Fund.
"Indiana's economic circumstances are evolving, and all these things make it important to remember previous years when difficult decisions needed to be made," Mishler said.
The senator said he remains optimistic about Indiana's current economic standing but pledged to keep a firm hand on the state's finances as budget deliberations approach.
"I will continue to ensure we maintain a position of strong fiscal discipline moving into the next budget session," he said.
U.S. Attorney’s Office hosts fraud forum, announces creation of fraud task force in Southern District of Indiana
IDNR seeking office coordinator for Red Hill State Park
Lawrence County Board votes to regulate synthetic intoxicants
Lawrence Correctional officers plead guilty to inmate civil rights violations
City of Sumner moving forward with May Building project
AARP Indiana celebrates YMCA Vincennes Community Challenge grants with check presentation
Lawrence County Democrats to host candidate town hall meeting
Niemerg appointed to Illinois House investigative committee
Lawrenceville Police release June activity report
Two arrested by Lawrence County law enforcement
New Miss Lawrence County Fair Queen crowned
Annual Lawrence County 4-H Dog and General Project Show awards announced
City Council says no to side-by-sides in Lawrenceville
Brocksmith named 2026 Indiana Master Farmer
Unit 10 Board studying student cellphone policy
St Francisville prepares for bridge closure
Dylan Jones facing multiple first degree murder charges in Olney deaths
New round of funding for EV charging stations through IDOT
Arrest in Olney double homicide
